U.S. Aging Creates A Long-Term Challenge For Global Big Pharma Ratings - S&P Credit Research

U.S. Aging Creates A Long-Term Challenge For Global Big Pharma Ratings

2336 words — Published Jun 26, 2013
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Abstract:

Despite eroding overseas profit margins due to government payor pricing pressures outside the U.S., large American pharmaceutical companies with global reach have generally been successful in offsetting shrinking overseas margins by implementing price increases at home. These pricing increases have averaged in the medium- to upper-single-digit percent range annually over the past few years. Domestic pricing flexibility has been an important factor in offsetting revenue losses from patent expirations and supporting the stable outlook for highly rated U.S. Big Pharma companies. The U.S. market is also critical for large global European pharmaceutical companies' profitability, as their substantial American sales and profits are helping to offset pricing pressure elsewhere, contributing to their healthy credit standing. But Standard&Poor's Ratings Services

  
Brief Excerpt:

RESEARCH Ratings Definitions PDF U.S. Aging Creates A Long-Term Challenge For Global Big Pharma Ratings Publication date: 26-Jun-2013 Primary Credit Analyst: David K Lugg, New York (1) 212-438-7845; david.lugg@standardandpoors.com...

  
Report Type:

Commentary

Sector
Global Issuers, Structured Finance
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MLA:
S&P Credit Research. "U.S. Aging Creates A Long-Term Challenge For Global Big Pharma Ratings" Jun 26, 2013. Alacra Store. Aug 01, 2014. <http://www.alacrastore.com/s-and-p-credit-research/U-S-Aging-Creates-A-Long-Term-Challenge-For-Global-Big-Pharma-Ratings-1161244>
  
APA:
S&P Credit Research. (). U.S. Aging Creates A Long-Term Challenge For Global Big Pharma Ratings Jun 26, 2013. New York, NY: Alacra Store. Retrieved Aug 01, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/U-S-Aging-Creates-A-Long-Term-Challenge-For-Global-Big-Pharma-Ratings-1161244>
  
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